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English 104
Search Results 0 to 49 of about 104 (some duplicates have been removed)
CNBC
Feb 10, 2013 7:30pm EST
with paul krugman is ahead. why he says the deficit doesn't matter now and why the government needs to spend more money. he ran two of the most important companies and turned around general motors. i will talk les sobs learned, the state of the american future. and baubles and bling. if you have the cash they have the jewels. if perfect valentine's gift for deep pockets. jewels anyone? >> co oh co always wore two. >> "on the money" begins now. >> announcer: this is america's number one financial news program. "on the money." now, mario bartiromo. >> here's a look at the news as we head into a new week on the money. it is the u.s. government versus standard & poor's. the most aggressive move yet to hold accountable a company at the center of the financial melt down of 2008. the $5 billion civil suit charges s&p intended to defraud investors by giving securities created from subprime loans aaa ratings they didn't deserve. the attorney says not so fast. >> the government has to show in this case not that a lot of people lost money because of the investments. government has to show the s&p liter
NBC
Feb 11, 2013 12:30am PST
more about it. thank you for joining us. let's start with the debt and deficit since this is front and center as far as the international conversation as it may be. the cbo, congressional budget office, came out with new projections this week. they saw, long term, the economy will move in the opposite direction of the deficit. the economy grows if the deficit goes down, it shrinks if the deficit goes up. you argue in the book that the deficit really doesn't matter right now. do you disagree with the government's projections? >> no, i think the cbo report is pretty reasonable. and it says that we wish we had lower debt, and if we look at the long term it would be nice to pay down the debt but it does not show a crisis. and trying to slash the deficit right now will deepen the clear and present danger which is a very high unemployment and ongoing economic slump. so i actually -- i found the cbo report supportive of what i'm saying, that right now our priorities should be jobs and not the deficit. >> i want to get your reaction to something that dave camp told us, the chairman of the
CNBC
Feb 11, 2013 4:00pm EST
? >> i think it will be unnecessary. we already cut $2 billion from the deficit. the president is serious enough about his desire to close the deal that he's been willing to keep his offer to speaker boehner on the table. so i think if we could come together and compromise, we could get the rest of the way there and stabilizing our debt, bringing our deficits way below 3% of gdp. and i think it would be unfortunate for anyone at this point to start saying that they should take an absolutist position. they can't have a penny of reven revenue. $800 billion in expenditures and loopholes that could be used to reduce the deficit. how can it be now there's not one penny? that you have to do it all in medicare, education, medicaid, but you can't find one penny of a loophole, tax expenditure even for the most well off american that could be part of a deficit reduction package. >> couldn't the other side have said that to you back in january when they actually raised taxes but they got -- they didn't get revenue? i'm sorry. they didn't get any cuts? so it's the same thing, right? because the repub
FOX News
Feb 10, 2013 11:00pm PST
the national institutes of health where you are hindering growth you are not delegate t going te deficit. we need more revenue and more cuts. i would like to see that in a big balanced bold proposal. short of that, we must do something to avoid the sequester. >> chris: here is what house speaker boehner said this week. >> at some point, washington, has to deal with its spending problem. i have watched them kick this can down the road for 22 years that i have been here. i have had enough of it. it's time to act. >> chris: congress woman, let's look at the numbers. are you really saying in a government that spends $3.5 trillion a year increased discretionary spending by 14% in the last four years you can't $85 billion to cut to avoid the sequester. >> we have made the cut in terms of agriculture subsidies. there are tens of billions of dollars in cuts there. and that should be balanced with eliminating subsidies for big oil. why should we lower pell grants instead of eliminating the subsidies for big oil? >> chris: why not just cut spending. 85 billion north dakota a $3.5 trillion government.
CSPAN
Feb 11, 2013 10:00am EST
. we have budget deficits that are not sustainable and how are we going to dale with these budget deficits? that's the issue before the congress that we are dealing with. we dealt wit this week. we had president obama who visited with the democratic members of the united states senate in annapolis and it was the issue we talked about the most. how are we going to deal with our budget deficit? i could talk about how we got here, the policies that led to these deficits but i'm not going to harp than because we have to figure out how we're going to move forward. i will emphasize one point. this deficit was not caused by our federal work force. you are not responsible for their deficit. \[applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how
ABC
Feb 10, 2013 11:35pm EST
progressive case for deficit reduction. , cres have not focused on deficit reduction when it comes to dealing with the sequester -- democrats have not focused on deficit reduction when it comes to dealing with the sequester. >> do you expect them to expand on things he talked about during the inaugural speech? including climate control -- climate change gay marriage? >> yes. those are all open questions. a lot of people are anxious to hear whether he really is aggressive and specific on climate change. this is something that was a centerpiece of his political identity, and he was criticized by the right for advocating it during his first term as he focused on other things, other big issues like healthcare and the looming fiscal crisis. a lot of pressure there. gay marriage -- i do not expect a whole lot to come out. he has said his piece about his position. i do not expect a lot of legislation on that. >> during his speech yesterday his weekly address, he hinted that there might be room for short-term solutions when it comes to sequestration. a lot of people in the dc area are interested. do
FOX
Feb 11, 2013 5:30am EST
3 attention deficit disorrer. and deppression.on fox 45 news at five.3- 33 3 3 3 -3 3 3 it's our free-bru-ary giveaway! giveaway!everr day in february we're giving away 100- dollarss an houur hour. 33 óóóóóó yyu have 30 minutes to 3 scrren.if yyu don't ccll in.. your prize rolls over nto the next hour for someone elle tt win! win!to ggt yyur name to get your name in the box.. go to facebook dot com slaah ffxbaltimore anddfill ut the 3& read complete contest rrles..- p3 3 p - 3 -33 3 3 3 the anne aaundel the anne arundel county council now has -33 pess than 30 days to elect a replacement for john leopald. he resigned fter being convvcted of misconnuct. 33 candidates interested in the job....need to apply forrthe position by this friday.and so faa... there's handful of hopefulls... incluuing the formmr first lady..- lldy.kendel ehrlich iss lobbying support among council &pmembbrs... whom she hopes will select her to fill the now vacant eattof nne arunddl county executive.it's a qualified for... saying hhr recognition....and
CSPAN
Feb 11, 2013 12:00pm EST
's different? we have seen an enormous increase in the u.s. trade deficit, especially with countries like china. today, they happened to release a report that looked at the effect of currency manipulation, perhaps the single most important factor and explain the growth of our trade deficit. eliminating the trade deficit or eliminating currency manipulation could reduce the trade as a by roughly $190-$490 billion. doing this would increase manufacturing employment by up to 1 million jobs. that's a big downpayments in the whole we have created in manufacturing and employment. one thing we need to do is create demand. that is what we did do but we did not do that in the last decade. we need to shift the demand to domestic produced goods resulting in the hiring of domestic workers. manufacturing jobs are amongst the best for workers especially for those without a college degree. high wages, good benefits. >> bruce, you worked in washington, d.c., and brookings is right off dupont. >> i am mostly on a plane. >> industrial policy is a dirty word. if you go to any other domestic place, it will land yo
FOX Business
Feb 11, 2013 11:00am EST
. >> it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. right now we have low interest on the national debt and it is a good time for us to act to lower that deficit. we think they must be reduced. we are sick and tired of paying interest on the national debt. that is a large percentage of the budget. it is lower now because of the lower interest rate. dagen: i do not speak pelosi. let me see if i can translate what she was saying. she does not believe there was a spending problem. the budget deficit and budget cap should be fixed -- >> i think she is talking out of her -- i do not think there should be any tax increases. i think it is time for the fiscal deficit to call it off and a clear victory. there are signs we have gone too far too quickly. left or right, i am very happy to hold off on these tax increases which i think will appeal to a lot of people. i am in equal opportunity growth guide. both sides of the aisle. i do not think we spend too much money. it is a symptom of a problem. dagen: you are arguing that we should
CSPAN
Feb 11, 2013 5:00pm EST
sequestration and find a balanced approach to deficit reduction that does not include further cuts to discretionary programs. both defense and non-defense programs are equally critical to economic growth and the safety and security of our nation. these discretionary programs are not the reason for our growing debt and yet so far they have been the only place lawmakers have been willing to cut by $1.5 trillion today. non-defense programs alone have been cut a $900 billion bringing spending on these programs to levels not seen since eisenhower was president. as we saw from the white house memo on friday and as you will hear from our panel today, cuts to discretionary programs alone not only won't balance the budget, they will cripple our ability to grow our economy and provide an environment where all americans have the opportunity to lead healthy, safe and productive lives. that is what really brings us together here today because sequestration is about more than numbers on a ledger. there are real people behind these numbers and their lives and livelihoods are on the line. these cu
FOX
Feb 11, 2013 6:00pm EST
little of debts and deficits, tomorrow he plans to lay out an agenda that includes not for the deficit but at the same time, ramps up spending on new domestic programs and seeks to raise taxes. and -- making the argument against big spending cuts. >> and that is almost a false argument. we have a budget deficit problem that we have to address. >> reporter: and the president is expected to push hard against the so-called sequester. the automatic spinning cuts that hit next month. and while where's certain to mention immigration and new gun control initiatives, much of the speech may focus on job creation and new federal outlays for education and infrastructure. >> and republicans will be worried. >> will you go along with that? >> slopping we pay for it. we have soon the move before with $51,000 for every man, woman, and child in mark. >> and the president will aggressively sell the themes he outlines tomorrow this week, as he travels to three cities. asheville, north carolina, and atlanta, georgia, and up to chicago, illinois, where he is expected to talk largely about gun control. in
NBC
Feb 11, 2013 6:00pm EST
deficits that could bankrupt the city. she is proposing adding pensions for newly hired civilian employees and moving to a hybrid pension plan for newly hired police officers and that is not all. >> the mayor said earlier today that she has some very difficult decisions to make. you mentioned a few of them. sweeping cuts and reforms she addressed in her state of the city address. all these things need to be done to put the city on better financial footing. >> the question for this generation is this. well baltimore cement a true turnaround toward future growth or will we allow our victories to become a momentary pause, a footnote in the continuing story of decline? >> the mayor making it clear during her state of the city address monday that some unpopular choices are going to be made in order to save the city from financial ruin. this after a report last week conducted by a philadelphia financial firm showing in 10 years baltimore will be going -- will be $750 million in the red and face an additional $1.30 billion shortfall in city infrastructure. while the mayor's speech was first highl
CSPAN
Feb 10, 2013 9:00pm EST
on top of welfare, get our deficit down, get our economy moving, or do anything else. >> today we discover he has not even got a clue about his own policy. his answers remind us of what his party and country are saying about him. the only people he listens to are a small group of rich and powerful people at the top. that is why he has come up with a policy that is unworkable and unfair. he is a prime minister who is weak, incompetent, and totally out of touch. >> that is pathetic scripted rubbish that we get used to every wednesday. on the issue of who listens to hill, i have a very clear idea of who he listens to, because we heard it in a the lse lecture by len mccluskey, who said this -- "i met ed miliband and he asked me this question -- if you had three wishes, three things you would like us to do if we got back into power , what would you like them to be? his answer -- trade union freedom, trade union freedom, trade union freedom. that is who he wants to be the fairy godmother to. >> at the time of the strategic defense and security review two and a half years ago, my friend
SFGTV
Feb 11, 2013 6:00am PST
and the impact for next year's budget. we'll probably get a draft version of what kind of deficit we're looking for next year? are you able to share any of that right now with the trends that we're seeing? >> through the chair to the committee, monique smuda from the controller's office. yes, we will have a report completed either by the end of this week or early next week on the six-month budget status, that will project both the revenue and the expenses. it's important to note that with the year-end close of fiscal year 12-13 there was increased revenue that was realized. and that increased revenue continues in the base budget in the current year. so the report will show excess revenue over the budgeted amount. however, as kate howard -- in the calculation that the mayor's office has developed for the deficit, that additional revenue was taken into account. so that is one of of the reasons that the targets for only 1.5%. we are also looking on the expenditure side. we have a few departments that have some savings. we have some departments that are over expending and the report will go in
NBC
Feb 11, 2013 12:00am PST
deficits aren't nearly -- they're important but not nearly as important as getting the economy growing now. and that's what i want to do. chris: i'll get back to what you said, david. there is a great chance to get the american people's attention. if he makes an appeal, let's get beyond the zero sum, backettey-back bickering in washington and get some stuff done this year. can he put the republican right, i guess you have to call it the republican right, in a corner? >> if he continues this theme which i think led to his success on the fiscal cliff negotiations, which is to make the republicans the party of no at a time when americans want government to work. and i think that's the way he needs to set it up. i didn't think he did that well in his inaugural address but i think he has another chance here, and if he can make it seem as if, you know, resisting him on finding an alternative to sequestration is being the party of no, the party of the wreckers, i think he's got him in a corner. >> i think if he does go over their heads in congress, which is what he's trying to do on every issue,
LINKTV
Feb 11, 2013 2:00pm PST
deficit spending a dangerous measure. fdr spent the 1932 campaign declaring his faith in a balanced budget and blasting hoover as a big spender. roosevelt combined his criticism of republican deficits with an appeal to "the forgotten man." in november, "the forgotten man" spoke. millions voted for roosevelt and hoped. but in the four months before inauguration, the depression grew deeper. in march 1933, roosevelt was the leader of a nation with 1/4 of its work force unemployed. something had to be done. so first of all, let me assert my firm belief that the only thing we have to fear is fear itself. nameless, unreasoning, unjustified terror which paralyzes the... rosina tucker remembers the hope returning. uh, you remember his saying, "there's nothing to fear but fear itself." he had his fireside talks... and, uh... uh, the people listened to them all over the united states. they made it a point to have nothing to do during those fireside talks. they sort of... it seemed to me a sacred time, uh, as if a father was talking to his children who were afraid. it was in that period of despair th
FOX
Feb 11, 2013 9:00am EST
ity.they structural deficit... changing tax infrastruttture to make baltimore more competitive for -3 prowth.. and modern -3 investments she thinks the city hould maae.the new comes after a scathing review of the city's financial future last week. &p3 we will ssream the mayor'' state of the city address on -3 our website.. foxbaltimore dot com... at 2:30 this afttrnoon. 3 tomorrow president obama will give his second and last ssate of the union president's top priorities are immigration reform.....andd most offall ....the nation's job crisis. but nexttsteps in endiig the u-s mmlitary effort in afghanistan. these &ptopics will make thh ssate of & the union the most watthed speech so ar in obama's & presidency. 3 at leastta dozen people are injured... after a tornado touched down ii souuhern mmssisssppi.take a look at phis incredible videe... caught on camerr. a state offeeergency wass declared on ccmpus at the university of souttern 3 tornado damaged a number of buildings. students are -3 currently on mardi ras break. it
ABC
Feb 11, 2013 5:30am EST
million deficit over the next decade because expenditures are growing faster than revenue, especially in areas of employee health care and pension costs. add on another billion dollar infrastructure deficit over the next decade and that's to maintain roads, bridges and city buildings at levels far short of the current state of repair. it does not include schools and the mayor plans to discuss solutions today. she plans to propose a bold set of major reforms to address the fiscal challenges outlined in the ten-year forecast. the state of the city address will happen right here at city hall at 2:30 this afternoon. reporting live in downtown baltimore, sherrie johnson, abc2 news. >>> president barack obama is also getting ready for his address. tomorrow the president will give his state of the union remarks. he's expected to talk about job crairks immigration reform and reducing -- job creation, immigration reform and reducing gun violence. he'll talk about old and new policies aimed at helping the middle class. you can follow any updates on the state of the union on our twitter page alo
CW
Feb 10, 2013 9:00pm CST
scent. febreze, breathe happy. in another battle over the best way to reduce the federal deficit. lawmakers from both parties made the rounds on the sunday talk shows. both sides of the ioc budget cuts scheduled to go into effect next month will have a negative impact on the economy >> it was designed as a budget threat not as a budget strategy ... is going to have a dramatic negative impact... >> the senator said more taxes are needed to solve the problem. republican house majority leader said most republicans want to fix the deficit without raising taxes. >> congressmanthe no. 2 republican in the u.s. house and now says he would support granting citizenship to children who are in the u.s. illegally >> they were brought here to no fault of their own >> president obama says immigration reform will be a top priority of his second term. a recent gallup poll shows that 72 percent of americans support policies that would have a path toward citizenship or residency for the more than one 11 million undocumented immigrants in the u.s. >> more than a billion people in china and oth
FOX
Feb 10, 2013 11:00pm EST
growth, you are not going to reduce the deficit. so what we do need is more revenue and more cuts. >> reporter: for senator john mccain, defense cuts are the most damaging. >> the world is very dangerous. i'm sorry, i'm a little emotional about this but the men and women serving in the military deserve better. the consequences are severe. it requires a bipartisanship. would i look at some revenue closers? maybe so, but we've already just raised taxes. why do we have to raise taxes again? >> reporter: national security also an issue. after last week's senate confirmation hearings for two key cabinet members. senator lindsay graham sear reed in again on the attack in benghazi, libya, angry after hearing president obama may not have followed up with his defense team after learning about the attacks. >> the american people need to know what their commander in chief, did if anything, during the attack. i don't think we should allow brennan to go forward for the cia director shirntion hagel to be confirmed as secretary of defense until the white house gives us an accounting. >> reporter
FOX
Feb 10, 2013 11:15pm EST
. the dish to shaq clear. final minutes, 9-point deficit. evans inside to anderson, the montrose christian grad. he is fouled. anderson a 3-point play right here. maryland falls to virginia 80- 69. fourth straight losthe cavaliers. next up for the terps, duke next saturday. >>> the wizards infame outsidely started the season with a franchise first but with the season turning around, three straight wins over the clippers, nix, and nets, the first time the wizards have ever compiled three consecutive wins against teams above .500. lebron james, steve nash saying hello. kobe bryant spins, makes the circus shot plus the foul. he had a team high 28 points today. later in the third, dwyane wade alone, the reverse jam. wade with 30 points today. fourth quarter play of the game right here. kobe turns it over on the baseline. the heat up ahead. norris cole lobs to lebron james who throws it down. he had 32. fifth straight 30-point effort. that is a franchise effort. heat over the lakers 107-97. >>> to golf, final round of the pebble beach pro a.m. at the picturesque look at monterey peninsula where
Current
Feb 11, 2013 6:00am PST
to save $45 billion this year. that's 4% of the deficit. we're going to endanger our national defenses and shortchange our servicemen and women overseas for the sake of cutting 4% from this year's deficit? it is totally irresponsible. >> stephanie: wow. deficits don't matter again. >> that's a good point. deficits are this -- you know, this sort of murderous ominous thing that is hanging over the generations and obama doesn't care about the future generations. there are actual cuts. but look, crystal he uses this card all the time. he wrote a column last week saying if democrats don't vote against chuck hagel they're endangering our troops. we want to have some -- cutting that republicans claim we have to do, they're endangering our troops. >> stephanie: all right. hang on, eric remains in the side sidecar. we continue more right-wing world. it is "the stephanie miller show." >> announcer: there's a tea party in her pants and you're invited. call now. 1-800-steph-12. with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready.
MSNBC
Feb 11, 2013 2:30am PST
on deficit spending and the sequestration spending that will take place next month. pelosi and cantore laid out the economic divide line. >> what we need is growth. we need growth with jobs, and if you have spending cuts, the education of our children and other investments, like the national institutes of health, where you are hindering growth, you're not going to reduce the did he have silt. it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on a national debt and that 15% is a large percentage of the national budget. >> bottom line, you could live with the sequester if it happens? >> i don't wa want to live with the sequester. they do not make sense and we're going to hurt a lot of people and it's up to the president really to act now. the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, 2k5i6d. you know,
WETA
Feb 11, 2013 6:30pm EST
and they raise alarm bells. i look at the big change in the trade deficit in one month, and that raises alarm bells. i look at the sharp drop in consumer confidence and consumer sentiment. that raises alarm bells. >> reporter: another immediate concern is the impact of higher payroll taxes, which could force some households to cutback spending. in addition, gasoline prices are rising. and if they hit the psychologically important $4 a gallon mark, many consumers could also pull back on shopping. and long term, federal budget problems remain one of the biggest hurdles to growth. the u.s. is running an annual deficit of $1.1 trillion. >> we still have some fiscal speed bumps coming. and then we have the question of what they actually do on the fiscal side. so, right now, the economy and the fiscal situation are wrapped up into one really nasty ball of wax. >> reporter: keep in mind that many of the international problems that have existed for more than a year haven't gone away. slowing economies in europe and china could slow global growth. and conflict with iran could push up energy prices. er
CSPAN
Feb 11, 2013 12:00pm EST
in washington. >> so it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. right now we have low interest on the national debt, and a good time for us the to act to lower that deficit. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on the national debt, and that's 15%. that's a large percentage of the budget. it's lower now because of the lower interest rate. >> host: so on this debate, spending cuts versus tax increases, here's what the washington times writes in their editorial: as mr. thornton points out, the rel break from fiscal prudent happens inside 1970s between 1970 and 2007. spending jumped to an average of close to 21% of gdp while revenues rose to around 18% of gdp. >> host: social security, medicare and medicaid are the biggest culprits in the spending spike. these entitlements were responsible for about 5% of federal be spend anything 1950, a figure that jumped to almost 16% in 2010. >> host: that's the washington times edi
CNBC
Feb 11, 2013 6:00am EST
've taken. they've taken three quarters of the potential revenue for deficit balancing off the table. >> they is? >> congress. >> or are we saying the democrats, the president? >> everybody. this is what they all agreed to, right? so that's problem number one. problem number two is on the spending side, now are we going to make serious cuts or not? i don't think they are unless we go over the cliff. there's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you? >> very few. look they're politicians. they want to spend as much money as they possibly can and they don't want to pay for it. >> who agrees with you? >> oh, i don't know. i bet -- oh, god, joe agrees with me.
MSNBC
Feb 11, 2013 3:00am PST
'll be following this. >>> to washington now. members of congress remain focused on deficits, spending and how to head off the looming sequestration cuts poised to kick in early next month. in separate interviews on sunday, house minority leader nancy pelosi and majority leader eric cantor laid out the economic dividing lines. >> what we need is growth. we need growth with jobs. and if you have spending cuts, education of our children and other investments like the national institutes of health where you are hindering growth, you're not going to reduce the deficit. so it is almost a false argument to say we have a spending problem. we have a budget deficit problem that we have to address. we think the deficit and the national debt are at immoral levels. we think they must be reduced. we're sick and tired of paying interest on the national debt. and that's 15% -- that's a large percentage of the budget. >> the tax fight for the president means higher taxes, more revenue. again, we can't be raising taxes every three months in this town, david. and you know, the bottom line is we want tax reform,
FOX Business
Feb 11, 2013 5:00pm EST
because really we have cut two and a half trillion from the deficit. only 600 billion. about 25-30 percent of that has been from revenues. so the overwhelming amount of protection we have gotten, including the budget control act that happened in 2011 came from spending cuts. what we have so far is balanced spending cuts and revenue, but far more spending cuts. i think what we need to do going forward is the type of balance that the president had when he put forward his offer. melissa: counting savings from the series of continuing resolutions, frozen budgets they were already baked in a matter who was the president. those would be an oral recounted. >> whoever is saying that -- that is no an accurate view of the budget. thisthe budget control act. 174 republicans voted. the speaker said it cut 98 percent of what he wanted. and it included very deep cuts in discretionary spending that put us on the path to have the lowest discretionary spending since the eisenhower administration. that is well over a trillion dollars in spending cuts. there were two or 300 billion of additional spending cut
FOX News
Feb 11, 2013 3:00pm PST
to say we have a spending problem. we have a budget deficit problem we have to address. >> now pelosi went on to claim that nothing brings more money in the u.s. treasury than investing in education. investing another word for spending. bret? >> bret: so, ed, what are we hearing if the president will tack the deficit in the speech? >> interesting, because today jay carney said he does believe there is a spending problem in washington. he seems to disagree with nancy pelosi a little bit. carney went on to say he believes the problem is with spending on healthcare. so something the president tried to tack with the affordable care act and carney went on to say the president doesn't believe the government is too big now. when you compare it to historic levels, sign he is not going all in on the deficit tomorrow night. he is going all in on new investments. >> bret: okay. ed henry live on the north lawn. thank you. you can see the president's speech along with the republican response on fox news channel tuesday starting at 8:55:00 p.m. eastern. and to share your thoughts and opinions on tu
MSNBC
Feb 11, 2013 6:00am PST
of the president's proposals will be paid for and will not add to the deficit, and of course, it is how he pays for it that is going to be the debate point. after his tuesday night speech, president obama hits the road for a three-day tour, and stops in asheville, north carolina, wednesday and atlanta on thursday and chicago on friday. and here's what we will make the state of the union different than other presidential addresses to congress. it won't just frame the coming year, but the budget battles to take place in the next three to six weeks. it starts with the $85 billion in budget cuts coming march 1st if nothing is done to alter the so-called sequester. according to the white house, the president will continue to press congress on the fiscal issues with tax reform and tax hikes and entitlements and he previewed that message in his weekend. >> there is no reason that middle-class families and small businesses should suffer because washington could not come together and eliminate a few special interest tax loopholes or government programs that just don't work. >> the sequester has turned i
SFGTV
Feb 11, 2013 2:30am PST
the gross receipts is not bringing in as much money we are operating as a deficit but it the gross receipts is coming in a herself we might phase in in a shorter amount of time. thank you. and the schedules are broken out into four tiers there's a zero to one million and it's exempt and 2 had the to million and above. so businesses will be taxed at the progressive tier so if you're a business that has $3 million in revenue your first million is not taxes your million to 2.5 million is talked at the 2 to 2.5 million taxable followup u amount eaten the last $500,000 will be taxed. so here's an example i mean chris has provided a good example so one million will be taxed? one million taxed the 1 tier rate did i misquote that i miss stoke so once you reach over one million that first million is taxable. so correction. and then as i noted there's a small business under one million gross receipts is exemption in the gross receipts. the one is particularly for the business fee will increase in 2014 for all businesses and i think what i'd like for you to do is flip to page 2. where i see the chart
ABC
Feb 11, 2013 6:00pm EST
in tolls and fees. depreciation, financing, and operating costs pushed the deficit higher. >> the company operating the proctor says the so-called ramp up period could take months or years. >> essentially this project will be making money. >> skeptics may disagree. >> so, it is basically a waste. >> i think it will catch john. it will take some time. >> the higher the volume of traffic, the higher the rate. transurban is doing all it can throw up advertising and outreach to make sure the amount of traffic goes up. abc7 news. >> all right. >> what is going on? kind of gloomy. >> we were waiting for some sunshine here. we were watching the rooftop camera. i will share what we saw. does take a look. -- just take a look. that is the last 20 minutes or so before sunset. a harbinger of what is to come tomorrow. sunshine, a very pleasant temperatures across the area. let's put the liamsville camera into motion. check out these temperatures. 66 degrees it reported in leonardtown in st. mary's county. about 907 inch of rain. a very mild the. a very mild evening. -- a very mild and the. -- a very m
FOX News
Feb 11, 2013 2:00am PST
. the president spoke little of debts and deficits on that cold january day. he will layout an agenda that includes nods to the deficit and ramped up spending on domestic programs we think he will speak to raise taxes. they are already making an argument against big spending cuts. >> it is we have a budget problem that we to address. >> the president is expected to push hard against the see quest tored the automatic spending cuts this month. almost certain to mention gun control initiatives. much of the speech could focus on job creation federal out lays more spending for education and infrastructure republicans will be wearing. >> as long as we pay for it. we have seen this movie before. we saw it with the so-called stimulus package back in the beginning of the administration. we saw the most stagnant economy and for every man woman and child in america. >> right after the president will aggressively sell this as he travels to three cities asheville north carolina and down to atlanta georgia to chicago illinois. he will be pressing those broad themes at each of those stops especially
FOX
Feb 10, 2013 5:00pm PST
. >>> and nancy pelosi says the cuts will not reduce the federal did he deficit. >>> and the new i-pad app is ready for you to download. you can get drive time traffic. video with breaks news any time, anywhere. [ woman ] my boyfriend and i were going on vacation, so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot, even on a holiday weekend. ♪ things are definitely... looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.com/thankyoucards to apply. >>> 3 people died today when a helicopter crashed on a southern california ranch used by a film production company. it happened around 4:00 this morning south of palm dale in los angeles accounted county. a spokesman said a reality show was being filmed at the time of the crash but exactly why the aircraft went down is unknown at this time. >>> ambulances, helicopters and hiltary vehicles flo
ABC
Feb 11, 2013 5:00am EST
at the averages. in the same ballpark. snow for the season is still at 1.5 inches. our deficit is over 9 inches. will we make up for that later this week? we will see what happens. there's still uncertainty for the new system expected on wednesday. we expect to see what the weather today. drying out by the afternoon. clearing expected overnight. the next system comes from the south. it could be a wintry mix before valentine's day. some morning rain today in miles, between 52 and 58. increasing clouds tonight, 32 to 30 eight. 50 cent partly cloudy on tuesday. wednesday, it's questionable. maybe a wintry mix. sunshine by the end of the week, 48 degrees on friday. that's the latest on the forecast. jamee, what do you have? >> a quiet start to the early morning commute. no major problems. seeing a lot of rain and road spray. don't be afraid. take it with confidence. 395 passing landmark towards the 14th street bridge, good. around the beltway through tysons annandale alexandria, good. greenway and the toll road, no problems to the beltway. in maryland, the rain is coming down a little harder in par
ABC
Feb 11, 2013 5:00am EST
forecast which was gathered from an outside consulting firm. the report projects a $745 million deficit over the next decade because expenditures are growing faster than revenue, especially in areas of employee health care and pension costs. and on another $1 billion in infrastructure deficit over the next decade and that's to maintain roads, bridges, and city buildings at levels far short of the current state of repair. it does not include schools and the mayor plans to discuss solutions today. she plans to propose a bold set of major reforms to address the fiscal challenges outlined in the ten-year forecast. the state of the city address will be held at 2:30 today in the council chambers right here at city hall. reporting live in downtown baltimore, abc2 news. >>> this morning a teenager is accused of killing her baby- sitter and is due in court for and into hear -- for a bond hearing. investigators say the 14-year- old was baby-sitting his 7- month-old sister on thursday night while their mom was at work. the next morning police say the mother tried to wake the infant up for feeding
CSPAN
Feb 11, 2013 8:30am EST
two years ago the largest structural deficit in our budget was faced by new mexicans in the history of new mexico. skeptics said we could not balance the budget without east a massive -- without either a massive tax increase or making deep cuts to classroom spending and to medicaid. but we came together in a bipartisan manner, and together we proved the skeptics wrong. [applause] for two years in a row, we compromised and passed good, balanced budgets. we protected critical priorities like classroom spending and basic health care for the most vulnerable. we protected childcare for working moms, school clothes for kids in need. and let's remember we accomplished all of this without raising taxes. [applause] not only did we eliminate the deficit, we created a surplus. this wasn't a republican accomplishment or a democratic accomplishment. it was an accomplishment we achieved together. the next year we used those surplus tax dollars wisely. we put some in our state savings account, increasing our reserve levels. we used some to increase funding for education, targeting reading and earl
FOX News
Feb 11, 2013 6:00am PST
nancy pelosi said pretty much exactly the same thing. while admitting that our debt and deficit are at record levels she calls, quote immoral. >> it is almost a false argument to say with very a spending problem. we have a budget deficit problem we have to address. right now we have low interest on the national debt, and it is a good time for us to act to lower that deficit. we think that the deficit and national debt are at a immoral levels. we think they must be reduced. we're sick and tired of paying interest on the national debt. and that 15%, that is large percentage of the budget, the interest on the national debt. it is lower now because of the lower interest rates. martha: hmmm. what do you think about that? send us a tweet @marthamaccallum or @billhemmer because that is an interesting statement from nancy pelosi. she suggested that tax reform instead of spending cuts as a solution could get things back on track. it is interesting, bill. we're hearing so much talk about closing loopholes and things along those lines which conservatives wanted to do the first time around.
PBS
Feb 10, 2013 6:00pm PST
to the congressional budget office, the deficit is shrinking and will continue for a while, but it will increase later because of an aging population and expansion of federal subsidies. cbo is predicting that by 2023, ifs continue -- if current laws continue, it will be on an upward path and tell that to your children and grandchildren. >> paul krugman has convinced a lot of my liberal friends that it is okay to kick this down the road. >> he actually used those words. >> terrible idea. it courts all kinds of disasters. sounded -- the interest rate spikes. it takes a long time to fix these problems. sequestration is a crude, ugly tool, but if it had the effect of making people get serious about entitlement reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he says that it is the first time since the election the president obama has been on the defense. i don't think that is true. i agree with mark on this, that republicans will bear the brunt of this initially because they are seen as the obstructionists. looking at it in sheer political terms, this as globa
NBC
Feb 10, 2013 5:30pm PST
of the president's most prominent items fallwell below the economy in budget deficits, among americans' top concerns, mr. obama is expected to cast them in economic terms as well, citing among other things, the benefits of attracting the world's best minds. the president's tone will matter, too, as he faces a choice between confrontation and compromise. >> he can continue the approach he's taken, which is very much an outside game, pressure the congress, turn up the heat. or he can go for a more conciliatory approach in this speech. >> reporter: the president will follow up his speech by taking his state of the union message on the road. he has three stops after the speech. they are asheville, north carolina, atlanta, georgia, winding down in his hometown of chicago. >> thank you, peter. we want to remind everyone, nbc news will have live coverage of the state of the union address tuesday at 9:00 eastern. >>> gunfire erupted on new orleans' famed bourbon street overnight, wounding four people and sending mardi gras revelers running for cover. police said the shooting followed an argument. t
NBC
Feb 11, 2013 12:00pm EST
cuts and she has given hands of the changes and that will include eliminating the structural deficit and altering the city's tax structure to make baltimore more competitive for growth. >> if we act now, if we act decisively and boldly, we can change the trajectory for the city. >> the state of the city is at city hall at two o'clock this afternoon and will be streamed live on wbaltv.com. meanwhile, former maryland first lady, kendall ehrlich be jumping in the to the political sacred she will join a political delegate this afternoo in a form for candidates seeking to replace john leopold as anne arundel county executive. it will be held in odenton at 6:00 p.m. and applications for this it must be submitted by noon on friday. john label design -- resigned as county executive for a judge found him guilty of misconduct in office. the county council has 30 days to fill the seat with another republican. clean-up continues in new england this afternoon after this weekend's major snowstorm crews are rushing snow removal equipment to hamden, connecticut and other cities. there is they got --
FOX Business
Feb 11, 2013 6:00pm EST
a budget deficit problem we have to address. gerri: what is he thinking? >> she likes the level of high spending, she doesn't think that additional trillion in spending is a problem. the problem in her view is that peasants are not sends enough money into washington d.c., she does not think it is a problem, those of us who pay taxes think it is. gerri: she also talked about closing loopholes in particular oil companies, this dream that has emerged that somehow oil companies will fund this country going forward. >> they are talking about getting rid of expensing like all other companies targeting a particular industry, not a special deal that oil companies have. the other challenge is, even if you get rid of real existing deducts and credits, that perhaps should be there or should not. if you get rid of those and them, and spend the money, then you never get to do tax reform. we need is the deducts and credits to be scaled back while rates come down urge revenue neutral tax reform. gerri: well, when is that going to happen? >> a different president, and different senate. gerri: that will
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